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Q.

NMDC Q1 net profit at Rs 981 cr

NMDC has announced its first quarter results. It has posted net profit of Rs 981 crore and net sales of Rs 1,862 crore for the quarter ended June 2008.All the best.

About: Company: NMDC Ltd.

Asked by BS VIKRAM, 24 Jul '08 06:32 pm
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Answers (2)

1.

These are excellent results with an increase of nearly 56 % in the profit after tax (Q on Q). Remember that the next quarter may not be that good, but last 2 quarters will be even better with NMDC likely to raise prices, shortly !

Although there has been capital expansion due to liberal bonus, I expect the net EPS to atleast double at the end of FY 09.
Answered by nitin dudhia, 24 Jul '08 07:20 pm

 
  
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2.

Moneywise it is good result.Performancewise there are more NMDC to perform as production and sell is concerened form Bailadila mines.These are the mines base of the NMDC.Expansion other than the iron ore mine will take time.out of netsales of 1862 profit is 981 means expenses are>47% .in futur Expense will be still more hence better to prefer performace to stabilse nmdc as NAVRATNa
Answered by Bhagwat, 25 Jul '08 11:27 am

 
  
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